New Global Office Furniture Market Research: Import and Export Numbers, Production and Consumption Statistics, and Other Critical Indicators to Analyze the Industry
FARMINGTON, Conn., Sept. 24, 2012 /PRNewswire-iReach/ -- The global market for office furniture is an important segment of the furniture industry, with a worldwide apparent consumption on the order of $50 billion, and a per capita apparent consumption above $30 per year in some European countries, in Japan and in the US. It is a mature segment which has demonstrated slow but steady growth except during the worst parts of the recession. The aggregate value of world exports is about $9 billion: the largest exporter is China followed by Germany, while the main importing country is the US. The sector was very hardly hit by the world recession, with international office furniture trade dropping by almost 30% in 2009. Growth has resumed in the last three years and is expected to continue in 2013. The report contains a forecast of demand in 54 countries. Demand will decrease in Western Europe and will grow - at different rates - in all the rest of the world. The highest growth rates will be in Asia and in South America.
Three new market research reports available from Global Information Inc contain the key furniture statistics and indicators necessary to analyze the furniture market and help define viable paths forward for businesses, investors, importers, designers, marketers, and regulators.
Office Furniture: World Market Outlook
The first part of this report reviews the world market, the major producing countries and the status and prospects of the global office furniture trade including a world trade matrix. CSIL forecasts of growth of demand in 2012 and 2013 by country and by regional groupings are also included.
The second part includes tables for Office Furniture Indicators (divided into World Tables and Country Tables, covering the 54 most important countries for office furniture production, consumption and trade). The country tables include a ten-year series of data on production, exports, imports, consumption, import penetration and export ratio for office furniture. Economic indicators also include data on fixed broadband internet connections to give an idea of the status of modern office technology in each country.
An executive summary and free sample pages from the full study are available at http://www.giiresearch.com/report/csi250993-office-furniture-world-market-outlook.html
The European Market for Office Furniture
European production of office furniture increased by 3.3% in 2011. The year has been characterized by a certain dichotomy as it performed well in the first half and slowed down in the last two quarters. On the international front, the 2.8% increase in exports has been accompanied by a substantial stability in imports. As a consequence, apparent consumption increased by 2.6% over the year. Market openness slowed in 2011 as import penetration (imports/consumption) reduced to 30% (31% in 2010) while exports/production ratio stabilized at 32%.
Generally speaking the positive performance of the European market in 2011 has been driven by Germany, Austria and the Nordic Countries. Considerable drop has been registered by some relevant market in Southern Europe. The restructuring process at an industrial level continued also in 2011 with a certain number of companies interested by insolvency procedures, factory closures and M&A process. Industrial and logistic costs showed increase in the second half of the year.
An executive summary and free sample pages from the full study are available at http://www.giiresearch.com/report/csi244524-european-market-office-furniture.html
Furniture Industry in South East Asia
Vietnam, Malaysia, Indonesia, Thailand and the Philippines are fast growing South East Asian furniture suppliers. The development of furniture production in these five countries is export-driven. In fact, around two thirds of production is currently sold outside the country of origin. The export /production ratio for the area is roughly 66%, more than double than the world average (around 30%). Currently, furniture produced in the area satisfies 5% of total furniture consumption in the USA and 2% of total furniture consumption in Western Europe. This share has increased year after year in the last decade, particularly in the USA.
The new CSIL Report offers an overview of this area, providing information on the furniture production system and the import and export flows by country, as well as information on the factors affecting furniture demand, the local market and the leading companies operating in it.
An executive summary and free sample pages from the full study are available at http://www.giiresearch.com/report/csi250505-furniture-industry-south-east-asia-outlook-5.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information, Inc.
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